The Economy of Mongolia

By: Moyca Anastacio Disini

Inflation Rate

O As you can see from the graph, In July of 2013 the inflation rate of Mongolia had decreased greatly compared to 2012. But when it reached January of 2014, the inflation rate steadily rose to 12.50 percent.

O Comparing this to China, Philippines and Singapore, Mongolia has a relatively high inflation rate, seeing that all their inflation rate’s are from 1.40-4.20 percent.

Unemployment RateO The unemployment rate in Mongolia as of

2013 is 11%.O This is bad for their economy because it

means that many people cannot get jobs and cannot support their family with the basic needs.

O Comparing this to China, Philippines and Singapore, Mongolia has a relatively high unemployment rate considering that the other countries have lower rates.

Real GDP O The real GDP is 12.3 %O The GDP per capita is $5,300 O The GDP ( official exchange rate ) is

$ 10.26 billionO Comparing this to China, Philippines

and Singapore, Mongolia has a lower GDP to these other countries.

Economic Growth O Mongolia’s economy accelerated

from the first three months of 2013. From when it was at 7.2 percent in the first quarter, it grew to 14.3 percent in the months from April through June. Expansion in the first half was 11 percent.

O I feel like the greatest concern for my country is the unemployment rate. As I said comparing it to other countries, it is really higher than most countries and I feel that Mongolia needs to create more ways for people to get jobs s that they will be able to support their needs and their family.

Bibliography O http://www.tradingeconomics.com/m

ongolia/unemployment-rate

O http://www.investopedia.com/university/inflation/inflation1.asp

O http://www.tradingeconomics.com/mongolia/inflation-cpi

O http://www.tradingeconomics.com/mongolia/gdp